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Chilean ports back to normal but strike resumption possible SANTIAGO: Most ports in Chile were returning to normal operations on Saturday after an extended strike that slammed the No. 1 copper producer's exports, but the central port of San Antonio remained closed, a union leader told Reuters on Saturday night.If workers at San Antonio do not reach a deal by Tuesday, the rest of port workers will resume their strike in solidarity, Richard Orellana, head of the Angamos port union, told Reuters.Workers at the key port of Angamos in the mineral-rich north returned to work on Saturday as of 3:30 p.m. local time (1830 GMT), he said.Calls to the San Antonio union went unanswered. Local media quoted the agriculture minister as saying the port would return to normal activities on Sunday.Mining industry sources say it will take weeks to return to normal shipping operations because of the congestion in ports. Other Chilean ports had joined the strike in Angamos, ...

Maduro plays up his bus-driver roots for Venezuela campaign CARACAS: Gripping the wheel and grinning at passengers, acting President Nicolas Maduro drives a bus to campaign rallies before an election he hopes will let him steer Venezuela to six more years of hardline socialism. From banners all around him, the image of the man Maduro calls his "father," the late Hugo Chavez, beams beatifically and salutes. "Chavez sets the route, Maduro takes the wheel!" is the catchy slogan of the government's campaign ahead of ...
Puerto Rico approves public pension system overhaul SAN JUAN: Puerto Rico Governor Alejandro Garcia Padilla has signed an overhaul of the US territory's cash-short public pension fund into law, after it was passed by lawmakers late on Thursday in a bid to soothe investors and shore up the country's sputtering economy. "This has not been a simple process," Garcia Padilla said as he enacted the legislation on Thursday night that had been bitterly opposed by labor unions. "It has been a topic ...
Venezuelan leader says opposition will turn lights off CARACAS: Venezuela's acting President Nicolas Maduro accused the opposition Thursday of plotting to sabotage the national power grid to cause a blackout ahead of the April 14 election to replace Hugo Chavez.Maduro, who is facing opposition leader Henrique Capriles in a bitter campaign, said he ordered the "militarization" of areas with power stations, and that he would call on the armed forces and population to "take the street" if national power is shut down."I want ...
Suspected killers of ecologists on trial in Brazil RIO DE JANEIRO: Three suspected killers of a couple who blew the whistle on illegal logging in the Brazilian Amazon went on trial Wednesday.Antonio Filho, a member of Brazil's Catholic Church-affiliated Pastoral Land Commission (CPT) who is monitoring the trial before a court in the Amazonian town of Maraba, said it was expected to last until Thursday .In the dock are Jose Rodrigues Moreira, who allegedly masterminded the May 2011 ambush killing of Jose Claudio ...
Venezuela's Capriles cries foul ahead of election CARACAS: Venezuelan opposition candidate Henrique Capriles on Monday accused acting president Nicolas Maduro of unfairly using state media and money in his campaign to succeed the late Hugo Chavez.The accusations come two weeks before voters choose a new president following the death of Chavez, the flamboyant leader who governed oil-rich Venezuela for 14 years and launched a self-styled leftist "revolution.""The state media have become a propaganda wing of a political party," Capriles alleged, referring to ...
Codelco says miners at Radomiro Tomic to return to work SANTIAGO: Workers at Codelco's Radomiro Tomic copper mine have agreed to lift their labor stoppage and return to work, the Chilean state company told Reuters on Monday morning. "The conflict has ended," a source at the company said. "Operations will start up again today." Workers shut down the Radomiro Tomic open pit mine over the long weekend, demanding the company fire managers they blame for the recent accidental death of a miner. Codelco, the world's ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln